LG could be working on building a crypto wallet, new patent filing shows

Wallets • July 9, 2019, 8:51AM EDT
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South Korean electronics giant LG could be working on developing a cryptocurrency wallet, according to a filing with the U.S. Patent and Trademark Office (USPTO).

LG filed an application last week for the trademark “ThinQ Wallet” for several uses such as “computer software platform for blockchain,” “mobile electronic wallet for cryptocurrency,” and “payment application software for mobile phones,” among others.

Notably, LG already uses “ThinQ” trademark for its smartphone G7+.

The giant has been exploring blockchain technology since as early as 2017, when it was working on a finance platform using R3’s Corda software. Back in September, LG was also reportedly working on launching a blockchain-based overseas payments service.

LG rival Samsung already offers a cryptocurrency wallet for its Galaxy S10 smartphone. HTC’s blockchain phone EXODUS 1 also has a built-in hardware wallet called Zion Vault to secure crypto assets.

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Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

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